[Asia Economy Reporter Park Soyeon] Hyundai Heavy Industries Holdings announced on the 26th that it will additionally acquire 1,141,947 shares of its construction machinery equipment manufacturing and sales subsidiary Hyundai Genuine for approximately 571 billion KRW.
After the stock acquisition, Hyundai Heavy Industries Holdings' stake in Hyundai Genuine will reach 100%.
Hyundai Heavy Industries Holdings stated that the purpose of this stock acquisition is "to maximize business synergy and improve management efficiency through business restructuring."
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